Dan: Post # 2 Continued from previous post
3) I understand that ACMG has a net profit
interest in the partially completed mill
(60%??) that Clifton will use for its
next phase of expansion. This is capped
at a $1,300,000 total payout.
4) ACMG has a net smelter royalty of 2.5% on
all of Clifton's production (Similar to
the Euro or FrancoNevada in several gold
properties.
Based on Claude Cormier's analysis (Post 234)
with the yield modified up to $100.00 ton
because of higher silver prices, and your
updates, once the larger mill starts
up we get the following chart (PER DAY)
Clifton ACMG.
1) NSR @ 1000/tons day $100,000 $2,500
$100/ton
2) Estimated Gross $60,000 $3,000
profit daily prorata
share value (5%)
(In post 234 Claude Cormier has assumed costs of
$40/ton for Clifton for mining and milling)
______
Total daily profit ACMG $5,000
ACMG will also receive $1,300,000 for the Mill, and
apparently has an unused $2,800,000 tax loss.
At present TRADING PRICES in 1998 ACMG's market cap
is only $2,000,000.
Dan: Where am I wrong. My conclusion is that at present
ACMG stock prices the Moellers have a huge incentive
to buy ACMG and save Clifton shareholders a lot of money.
Dave |
